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Secured Loans Frequently Asked Questions
We've put this page together to help answer most of your questions. It is not intended to be a substitute for professional advice so if you need further information please contact us.
Secured Loans
How much can I borrow?
What can I use the loan for?
How long can I take to repay the loan?
Can I repay the loan early if I want to?
Can I insure my payments?
Can I have a fixed rate loan?
Can I cancel my application if I decide not to go ahead for any reason?
Do I have to pay any upfront fees?
What if I want to move house during the term of my loan?
How long will it take to process my application?
What is the maximum value of the secured loans I can have in relation to the value of my property (LTV ratio)?
About .com Home Loans Uk?
Why should I use you instead of my bank or building society?
Surely you're more expensive than my bank or building society?
Do you only do loans?
How much can I borrow?
You can borrow any amount from £3000 to £100,000, depending on your circumstances
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What can I use the loan for?
You can use your loan for any (legal) purpose. For example, you may be thinking of clearing all of your loans and credit cards to reduce your monthly outgoings and just have one, affordable payment to remember each month. You may be thinking about carrying out some home improvements or treating your family to the holiday of a lifetime. Whatever you decide you will receive a cash loan to spend as you wish.
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How long can I take to repay the loan?
Generally you can select any repayment term between 5 and 25 years. You choose the specific repayment period you require. You may want to extend the loan term to minimise your outgoings on a monthly basis or, alternatively, take a loan over a short period to allow you to clear the loan facility at the earliest opportunity.
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Can I repay the loan early if I want to?
You can repay the loan at any time. The method of calculating the amount of money required to repay the loan early will be detailed in your Loan Agreement, which takes into consideration the detail within the Consumer Credit Act 1974. When you apply for your loan and documents are issued to you, you will be sent a FISA Borrower Information Guide, which provides detailed information concerning this subject.
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Can I insure my payments?
Optional insurance schemes are available to cover your monthly payments if you are unable to work due to accident, sickness or unemployment. Different levels of cover are available to suit your individual needs.
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Can I have a fixed rate loan?
Yes, you can. We have access to a number of lenders which allows us to source the best deal for you, whether this be on a fixed or variable rate option.
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Can I cancel my application if I decide not to go ahead for any reason?
Yes, you can. You may cancel your loan at any time prior to completion without penalty.
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Do I have to pay any upfront fees?
We will not charge any upfront fees. However, in some specific circumstances we will ask for a fee to be paid once the loan application has been funded. This fee will be included within the loan advance and will be quite clearly detailed on the loan documentation. If you choose not to take the loan, no fees will be payable.
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What if I want to move house during the term of my loan?
In certain circumstances your loan can be transferred to your new property. When you are considering moving house you should speak to your lender who will advise you concerning this subject.
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How long will it take to process my application?
Once you have filled out the "contact us" form, one of our licensed credit brokers will contact you to introduce themselves, explain how the application process works and to understand your needs. You will have to complete and sign some loan documentation and once you have returned it for processing we provide a service standard of 7 to 10 working days to be in a position where your funds will be available to you.
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What is the maximum value of the secured loans I can have in relation to the value of my property (LTV ratio)?
Typically the maximum LTV is 125% of the value of your property
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Why should I use you?
We know there are other companies you could use but we believe we offer a valuable service where we understand your particular needs and find the best products for you. We have a specially selected panel of advisers who are truly independent, highly trained and are able to offer you a complete and wide ranging choice of secured loans products.
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Why should I use you instead of my bank or building society?
Your bank or building society can only offer you the products that they sell, so they may not have the best deal. We have access to literally thousands of products and are not tied in to one lender. We can search for the best secured loan for you, so you don't have to.
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Surely you're more expensive than my bank or building society?
We can arrange the same loans as your bank or building society and we in many cases will not charge you a fee. Very often we can find better deals than your bank or building society and combined with the other products you might need we can save you a significant amount of money.
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Do you only do loans?
We offer all different kinds of secured loans and we can also arrange mortgages too. Our advisers can also arrange loan protection, critical illness cover, life assurance and other peace of mind products too.
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You are
a Home Owner. (Sorry, This is not for Tenants)
You are in full time employment or selfemployed for at least 1 year
Minimum Advance £2,000 Maximum Advance £250,000
Rates:
If you can produce items like payslip's, accounts if selfemployed, proof
of address, ID, etc. and have a good credit history, we can get you a very
competitive interest rate for your secured loan.
The secured loans rates will normally be cheaper than going with the unsecured
option.
Adverse Credit?
Don't worry if you have had credit problems in the past or if you cannot prove
your income, as we can cater for the following situations: CCJ's, defaults,
IVA's, Bankrupts, mortgage or loan late payments, mortgage or loan current
arrears, self employed with no accounts, employed with no payslip's and not
able to prove income, any purpose loans, debt consolidation, etc.
We have schemes to fit most situations with interest rates that vary according
to the credit information.
Why not click on the Application Form link and get an approval in principle
for your secured loan now!
© CCC Financial
sub prime lender offering secured and unsecured loans
UK.
